By Staff
Friday, July 26, 2024 2:17 PM
The number of million-dollar starter homes is on the rise in cities across the U.S. A
new report from Zillow finds that the number of cities where a starter home is worth $1 million or more has grown from 84 five years ago to 237 today.
According to Zillow, a typical “starter home” is among those in the lowest third of home values in a given region. Five years ago, only 84 cities had starter homes within the $1 million range.
Nationally, the typical starter home is worth $196,611, considered comfortable for a median-income household. As the housing shortage worsened, Zillow reports the price of homes was driven up to record heights.
In the past 5 years, starter home values have grown 54.1 percent more than the 49.1 percent compared to the typical U.S. home in the same time frame. Zillow reported this has delayed first home purchases for many buyers, with the new median age for a first-time home buyer hitting 35 in 2019.
Zillow noted that half of all states have at least one city with a typical starter home worth $1 million or more. California has 117 such cities, followed by New York at 31 and New Jersey at 21. Meanwhile, the New York City metro, which includes parts of New Jersey and Pennsylvania, has the most cities with million-dollar starter homes at 48, followed by San Francisco metro at 44, and the Los Angeles area at 35.
Zillow noted markets with the most restrictive building regulations tend to have more cities with $1 million starter homes and the lowest homeownership rates.
By Staff
Friday, July 26, 2024 12:11 PM
The Fondazione De Rigo H.E.ART Onlus, which is committed to supporting the health and education of young people, announces with pride its involvement in the creation of the first inclusive theme park in Europe to be built within the City of Bologna park in the municipality of Belluno. The project, promoted by Belluno Fire Brigade Recreational Club, will be inaugurated in October 2024.
By Staff
Friday, July 26, 2024 12:00 PM
Advancements in AI are undoubtedly changing the game for training and development by providing the ability to generate powerful, immersive content at speed. But to simply 'adopt AI' should not be the end goal.
By Staff
Friday, July 26, 2024 11:45 AM
PARIS, France—EssilorLuxottica announced revenue growth of 5.2 percent for the second quarter of 2024 at constant exchange rate and 5.3 percent for the first half of the year. The company also reported expanding margins and the acquisitions of diagnostic med-tech platform
Heidelberg Engineering and iconic
Supreme brand, as reported in
VMAIL, which were announced on July 17, 2024. Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO at EssilorLuxottica commented, “In the first half of the year, EssilorLuxottica’s strategy continued to pay off with all regions and businesses contributing to positive results.”
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By Staff
Friday, July 26, 2024 11:36 AM
Children’s eyewear has come a long way over the past 50 years. In the early ’70s, the amount of frame styles for kids were quite limited. One of the earliest features on children’s eyewear in the September/October 1976 issue of
20/20 described the choices for kids’ eyewear in a typical dispenser’s office could be counted on one hand. During that time, eyewear manufacturers began to consider other factors in designing children’s eyewear and adapting them to meet the fit requirements of young faces and their developing features.
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By Staff
Friday, July 26, 2024 11:32 AM
In the history of the modern Olympic games, which country has taken home the most
gold medals? Head over to
Mental Floss for a list of the top 20 and how many gold medals each has won so far.
By Staff
Friday, July 26, 2024 8:10 AM
This pretty print combines art and optometry. You can purchase a digital download on Etsy
here, and print it out at home. #WeShareIt
By Staff
Friday, July 26, 2024 8:05 AM
EssilorLuxottica reports revenue growth, expanding margins for first half of 2024; Kering Eyewear revenue rises for first half of 2024; Bausch + Lomb acquires Trukera Medical; Silmo names Alexis Mabille chairman of 2024 Silmo d’Or Awards; and Topcon and Orbis International expand diabetic retinopathy screening in Rwanda all topped this week’s
VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.
By Staff
Friday, July 26, 2024 6:09 AM
Nearly 1 in 5 physicians experienced post-traumatic stress disorder (PTSD) during the COVID-19 pandemic, according to a review and meta-analysis.
By Staff
Friday, July 26, 2024 12:27 AM
PARIS, France—
EssilorLuxottica announced revenue growth of 5.2 percent for the second quarter of 2024 at constant exchange rate and 5.3 percent for the first half of the year. The company also reported expanding margins and the acquisitions of diagnostic med-tech platform
Heidelberg Engineering and iconic
Supreme brand, as reported in
VMAIL, which were announced on July 17, 2024.
By Staff
Friday, July 26, 2024 12:24 AM
OCEANSIDE, Calif.—Independent premium eyewear brand
Raen has announced the appointment of Jesse Northcott as the company’s new president and chief executive officer. Northcott brings over 10 years of experience in finance and operations across leading industry brands to Raen, the company said.
By Staff
Friday, July 26, 2024 12:21 AM
LONGARONE—
Marcolin has announced the appointment of Andrea Vincenzo Virgilio as the company’s new group operations director, effective July 15, 2024. In this role, the company stated, Virgilio takes charge of the Group’s manufacturing facilities, research and development, product compliance and supply chain departments.